29 March 2022
In this week’s newsletter, we see how fintechs in Nepal are increasing financial inclusion for the unbanked, how non-bank brands are accelerating the adoption of Banking as a Service, and how digital is no longer a nice-to-have in retail banking. Also in the spotlight is the growth of Order Management Systems in buy-side equity and digital leadership in wealth management. Lastly, we look at the rise of competition in the world of merchant cards and what merchants can do to combat fraud.
Kapronasia: The growing fintech opportunity in Nepal
The pace of fintech adoption in Nepal is gaining traction. Fintech startups are encouraged to cater for unbanked people who make up 55% of the population to increase financial inclusion.
Celent: Brands to accelerate adoption of Banking as a Service
Non-bank entrants into banking services are expected to drastically increase over the coming years as consumers show their willingness to access financial services from other brands they know and trust.
IDC: Digital is no longer a nice-to-have in retail banking
Offering customers the bare minimum in digital services is no longer enough, banks must go further to provide exceptional digital experiences. This will be a deciding factor in outpacing the competition.
Greenwich Associates: OMS adoption growing on buy-side
The Order Management System market has been growing steadily for nearly 30 years, with 86% of buy-side equity investors in the US spending $2.6 billion annually.
Cutter Associates: Digital leadership in wealth management
Technological maturity and organisational commitment to digital initiatives are a key focus for 2022. This report evaluates how eight leading wealth management firms are performing against these measures.
Aite-Novarica: New threat in the world of merchant cards
As merchants demand more value from their co-branded card and private-label credit card relationships, new competition has entered the market that threatens current business models.
Mercator: How consumers and merchants can work together to combat fraud
Fraud is a growing problem for payments merchants. This report looks at fraud from the consumer’s perspective, examining how a better relationship with consumers on fraud experiences can help with fraud prevention.
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